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Bilt Mastercard Review: Earn Rewards on Rent and Everyday Spending
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The Bilt Mastercard is a no-annual-fee credit card that offers unique rewards for renters and others who pay rent. This card rewards users for their everyday spending, including 1x points on rent payments without a transaction fee, 3x points on dining, 2x points on travel, and 1x points on other purchases. There is no welcome bonus, but new cardholders may be targeted for a promotional offer.
Benefits and Perks
- No annual fee
- Solid rewards on broad spending categories
- Ability to pay rent with no transaction fees
- Transfer points to leading frequent traveler programs at a 1:1 rate, including United and World of Hyatt
- Complimentary access to the Point.me and Awayz award search tools
- Earn Lyft credit each month with your Bilt card
Earning and Redeeming Points
- Earn 1x points on rent payments without a transaction fee (up to 100,000 points each calendar year)
- Earn 3x points on dining
- Earn 2x points on travel
- Earn 1x points on other purchases
- Redeem points for airlines, hotels, rent payments, statement credits, or merchandise
Elite Status
- Bilt Rewards offers an elite status program based on annual points earnings
- Elite benefits include:
- Earning interest on points balances in the form of more Bilt points
- Lower points transfer minimum and a bonus for new leases or renewals
- Perks with partner brands, such as discounts, complimentary flights, and lounge access with airport helicopter transfer service Blade
How to Get the Most Out of Your Bilt Mastercard
- Use the card at least five times each statement period to earn points
- Take advantage of ongoing offers to earn more points, such as Rent Day promotions and partnerships with Lyft and Walgreens
- Link your other credit cards to your Bilt wallet to earn rewards at local restaurants, fitness studios, and other merchants
- Maximize the value of your points by transferring them to leading frequent traveler programs at a 1:1 rate
Compare to Other Credit Cards
- Citi Double Cash Card: Earns 2% cash back on all purchases, with no rotating categories or spending caps
- Capital One Venture Rewards Credit Card: Earns 5x miles on hotels, vacation rentals, and rental cars booked through Capital One Travel, and 2x miles on every other purchase
Is the Bilt Mastercard Right for You?
- If you’re a renter, the Bilt Mastercard has the potential to be an exceptionally rewarding credit card, as you can turn rent into rewards without extra fees.
- However, if you own your home or don’t pay rent, the value of this card drops.
- If you’re looking for travel rewards, the Bilt Mastercard is a good option, as points can be transferred to leading frequent traveler programs at a 1:1 rate.
